Sales SLUMP, Driving Prices Down And Inventory Up!
https://www.youtube.com/watch?v=Weqi1H4AQPE https://www.youtube.com/watch?v=wWdmTEsOaDI https://www.youtube.com/watch?v=Ja2fMX6iFO4 https://www.youtube.com/watch?v=xeOg_3toZok
When Money Was Very Easy, Everybody Thought That This Was Going To Last Forever So They Did Stupid Things
A report from DS News. "Auction.com, a real estate auction site offering existing and aspiring investors access to (mostly) distressed assets, generated very revealing information about the state of real estate assets throughout 2022. Over the year, buyer behavior began…
It’s Going To Be A Price-Year Mortgage Reality
https://www.youtube.com/watch?v=b2e3tauXPJ0 https://www.youtube.com/watch?v=lJOT8vsX3QQ https://www.youtube.com/watch?v=vsrM_7shhKU https://www.youtube.com/watch?v=s0X5PgRRQ3k
Sliding Prices Can Create A Cycle Where Buyers Expecting The Downward Trend To Continue End Up Prolonging The Slump
A report from the Orange County Register. "When times get tough in homes sales, watch what the homebuilders are doing. Take Landsea Homes, a small builder that blossomed in California. It’s moving its headquarters to Texas as part of a…
We’re In A Buyers’ Market, The Price Being Asked Becomes Irrelevant
A report from the Orange County Register in California. "Orange County’s more affordable housing has been hit harder by the home-price collapse coming off May 2022’s pandemic-fueled bubble. The countywide median selling price was $950,000 in January, according to CoreLogic.…
Still In The Grips Of The Planner’s Conceit
A report from Yahoo Finance. "Goldman Sachs is out with a new note revealing that of the largest 25 metro areas nationwide, four of them, Austin, Seattle, San Francisco, and Phoenix-- you're looking at them on your screen there-- have…
The Change In The Balance Of Power Is Bringing Out The Worst In Buyers
It's Friday desk clearing time for this blogger. "There are about 250,000 more homes for sale around the country than there were at this time last year, Realtor.com’s study says. Compared to January 2022, active listings are up 65%. Ogden,…
When The Bids Were Over It Was, Congratulations, You Are Now Essentially The Biggest Loser
A report from CNBC. "Diana Olick: Mortgage rates moved higher again last week, pushing buyers back to the sidelines just as the spring housing market is supposed to be heating up. Applications to refinance a home loan fell 6% for…
There Is A Bubble To Burst
A report from Fox 13 in Utah. "Matthew Clewett bought his first home in Kaysville back in 2021. Since May, the board says those prices have dropped 22 percent. 'It was an offer that I actually had to pay above…
It Has To Look Good, It Has To Smell Good And Expect That You’re Not Going To Get Your List Price
A report from the Daily News Record. "Next week, ownership of the nearly 81-acre and still largely vacant site of the planned Summit Crossing subdivision on the north end of town could change hands during a foreclosure sale at a…